TUI AG is a tour and travel company, which is engaged in the provision of tour, hotel and resort, and cruise services. The company operates through the following segments TUI Travel, TUI Hotels & Resorts, and Cruises. The TUI Travel segment is divided into three sectors: Mainstream, Accommodation & Destinations and Specialist & Activity. It offers a range of products from package tours to products such as yacht chartering, expeditions and student trips. The TUI Hotels & Resorts segment consists of all hotel companies of the group outside the TUI Travel Group. The Cruises segment comprises the cruise activities of Hapag-Lloyd Cruises and TUI Cruises. TUI was founded in 1923 and is headquartered in Hannover, Germany.